$SPX - Reversal comin next quarter.... Maybe. At..3250?
Above is the monthly
The biggest thing I see After my analysis is the possibility of it getting down to the support level of the breaker that formed at the beginning of the pandemic. It has bounced off current breakers but has yet to close abnove a brreak of structure leading m,e to beleive it will find the lowest pointy at thast pandemic high breakers candle low price of 3280 (ish) before we see a bullish movement again or even a break of structure. I think this quarter (what's left of iot) and next quarter is going to be tough.
Below is the Daily
It's the secoind quarter nexxt year that's going to be the true test in my opinion. But this is my take on the trusty Standard and poor. just by logive and reasoning. Trendlines are phantoms, price will brersk through those without thin kking about trendlines because price doesn't know what it is, but it does remember price points, so the low of the High pandemic breaker I think will be the last or first quarters low point. We'll have 90 from there to make a good swing high.
The daily briefly breaks structure but immediately closes bnelow structure righjt after. This just has slow growth written on it for at least 6-8 weeks.
SPX500USD
ES1!
NANO_SHORT_VOLUME
NANOS
ES1!
\ ESG1!
The biggest thing I see After my analysis is the possibility of it getting down to the support level of the breaker that formed at the beginning of the pandemic. It has bounced off current breakers but has yet to close abnove a brreak of structure leading m,e to beleive it will find the lowest pointy at thast pandemic high breakers candle low price of 3280 (ish) before we see a bullish movement again or even a break of structure. I think this quarter (what's left of iot) and next quarter is going to be tough.
Below is the Daily
It's the secoind quarter nexxt year that's going to be the true test in my opinion. But this is my take on the trusty Standard and poor. just by logive and reasoning. Trendlines are phantoms, price will brersk through those without thin kking about trendlines because price doesn't know what it is, but it does remember price points, so the low of the High pandemic breaker I think will be the last or first quarters low point. We'll have 90 from there to make a good swing high.
The daily briefly breaks structure but immediately closes bnelow structure righjt after. This just has slow growth written on it for at least 6-8 weeks.
SPX500USD
ES1!
NANO_SHORT_VOLUME
NANOS
ES1!
\ ESG1!
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
